Development News

Charitable Gift Annuities

Charitable Gift Annuity – Immediate Income

Summary

A charitable gift annuity provides you with immediate
income for life and the principal passes to UVa-Wise when the contract
ends. A charitable gift annuity may be established with a small investment ($5,000 minimum) and can be funded with cash,
appreciated securities or in some cases a gift of real estate. The minimum age to fund a gift annuity is 55
years of age.

Benefits

One hundred percent guaranteed income,
backed by the full assets of the University of Virginia.

If funded with appreciated securities,
you may avoid a portion of your capital gains tax.

Make a significant gift that benefits you
now and UVa-Wise later.

Donor receives an immediate income tax
deduction.

A portion of the annuity income may be
tax-free.

Ideal
to supplement other retirement income.

For more information

Office
of Development & College Relations
The University of Virginia's College at WiseBowers-Sturgill Hall
One College Avenue
Wise, VA 24293
Phone: (276)328-0129
Fax: (276)376-1024

UVa-Wise
does not provide legal, tax or financial advice. We strongly recommend that you
consult professional advisors on all legal, tax or financial matters, including
gift planning considerations. To ensure compliance with certain IRS
requirements, we disclose to you that this communication (including any
attachments) is not intended or written to be used, and cannot be used, for the
purpose of avoiding tax-related penalties.

The University of Virginia´s College at Wise 1 College Avenue • Wise, VA 24293 Phone: (276) 328-0100 E-mail: info@uvawise.edu